The investment in ionomer will satisfy the demand surge in water electrolysis and fuel cells which both require Nafion™ ion exchange membranes
Hydrogen economy business
Firstly, Chemours Company is a global chemistry company. It has leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials.
Secondly, the company is investigating its capacity to support its growing Hydrogen Economy business.
Thridly, this increased would support the demand growth within water electrolysis and fuel cell technology.
Also, the company is studying potential locations in the United States and Europe, with local community engagement and collaboration.
Moreover, Chemours follows standard in responsible manufacturing. This project with fit to the United Nations Sustainable Development Goals (UN SDGs).
The hydrogen economy demand is growing exponentially and our products are truly at its core. To meet this demand requires private/public partnerships with the right partners—partners that will be an asset to the community—responsible. And, we believe Chemours is who communities, regions, and countries should look to in order to deliver capacity necessary to achieve clean energy while maintaining a focus on protecting human health and the environment.Denise Dignam, President of Advanced Performance Materials at Chemours.
The investment will be focused on ionomers that support the Nafion™ platform.
Nafion™ ion exchange membranes provide a clean energy solution through water electrolysis creating green hydrogen from renewable power.
Fuel cells from Nafion™ membrane application, convert hydrogen to electricity, an alternative to carbon-based energy sources.
About The Chemours Company
The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials.
Also, the company gives solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations.
In addition, Chemours has solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas.
Finally, Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.